by the House of Representatives over the $9.6 billion judgment debt against the country in the United Kingdom.
It mandated a 17-man ad Hoc Committee to invite the ministers and other government officials that are connected to the deal. Ihonvbere noted that the $9.6 billion by a commercial court in the United Kingdom against Nigeria, “leaves a very sour taste in the mouth.” “Aware also that Nigeria had entered into a Gas Supply and Processing Agreement with P &ID Limited, in January 2010, through the Ministry of Petroleum Resources with the understanding that Nigeria would supply natural gas at no cost, through a government pipeline to P&ID’s production facility, while P&ID in return would construct and operate the facility, process the wet gas and return to the government of Nigeria lean gas for the generation of power at no cost to Nigeria.
Ihonvbere expressed concern that the agreement was somewhat shrouded in secrecy and as such apparently dubiously procured, “as those who ought to know about its existence did not and more importantly, the relevant laws in Nigeria for the transaction to be consummated was not applied especially, Part IV of the Bureau of Public Procurement Act 2007 which deals with the fundamental principles of procurement.
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